Japan's economy set for biggest decline in 20 year
The forecast of a 0.9 per cent contraction in the year to March 2002 marks a striking reversal of its previous predictions. Until recently, Tokyo was projecting a growth rate of 1.7 per cent in the period. Such a decline would be the largest since the current calculation system began in 1980, the cabinet office said.
The forecast, if accurate, will cause severe problems across Asia
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